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Property Disposition: Information on Federal Single-Family Properties

RCED-91-69 Published: Mar 29, 1991. Publicly Released: Apr 09, 1991.
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Highlights

Pursuant to a congressional request, GAO reviewed single-family property disposition activities of the Federal Housing Administration (FHA), the Department of Veterans Affairs (VA), the Farmers Home Administration (FmHA), and the Resolution Trust Corporation (RTC), focusing on: (1) the number of single-family properties acquired and sold, the losses associated with those sales, and current inventories and their geographical distribution; and (2) each agency's procedures for managing and selling single-family properties.

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Comparative analysisCorporate auditsFinancial managementGovernment guaranteed loansHousing programsLoan defaultsLossesMortgage loansProperty disposalReal estate sales